Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$12,088$12,088$517,500
Remaining term (yrs)0.80.830.0
Secondary amount$0$505,412$0
Funding fee$60$60$0
Note rate2.940%2.940%7.400%
Blended rate2.940%7.638%7.640%
1st payment$1,115.10$1,115.10$3,583.07
2nd payment$0.00$3,264.12$0.00
Taxes / mo$183.92$183.92$183.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.69$4,729.81$4,037.15
Cash to close$562,912$57,500$57,500